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Long Acre, Low Street, Oakley, Diss, Suffolk IP21 4AQ

East of England

£160,000
Listed on 15/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1173 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for renovation and investment, sitting on an expansive plot of approximately 0.29 acres in a tranquil village setting on the Suffolk/Norfolk border. The property benefits from double glazing and oil-fired central heating, although it has been unoccupied for some time and requires substantial refurbishment following a previous water leak affecting the roof. Ideal for builders or investors, the bungalow features a conservatory, dining room, sitting room, a kitchen equipped with an Aga, utility area, bathroom, shower room, and two bedrooms. Outdoor amenities include a large garage/workshop, greenhouse, and a rear garden that calls for attention. With ample off-road parking available, this property promises significant potential for enhancement and resale within the local market.

Investment Analysis

(IP21 area)

Below Market Value

This property is priced -55.3% below area average per sq ft

-55.3%
Potential saving
This Property
£136/sq ft
Area Average
£305/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£393,412
10% above area average per sq ft
Potential ROI
+87.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IP21)

Area prices are rising by +11.4% over the last 12 months
3 year growth: +1.4%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on IP21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Long Acre, Low Street, Oakley, Diss, Suffolk IP21 4AQ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£571
Based on a loan of £120,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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